Sunday, October 18, 2009

FAQ on Long-Term Reserves

Residents of Princeton Landing are probably aware that the Board of Directors is reviewing the Association's policy on long-term capital reserves and considering adoption of an updated reserve study. I recently wrote a set of "Frequently Asked Questions" to help homeowners understand why it's important for Princeton Landing to have adequately funded long-term reserves. The FAQ explains what a reserve study is, why we have long-term reserves, and what the issue means to homeowners in our community. For those who want more in-depth background, it includes links to additional information on a variety of other websites. Click here to read the FAQ.